- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Transact hit with unexpected £4.3m VAT bill

Transact’s parent, IntegraFin Holdings, says it will likely appeal the decision which could hit profits.

Aztec Group to administer Luxgrove UK real estate fund

Specialising in alternative investments, including real estate, infrastructure, private equity and private debt, the Aztec Group employs more than 900 people across six offices and administers over €360 billion of assets for more than 200 alternative

Unigestion launches private equity fund

Unigestion has been at the forefront of this continued innovation and have led multiple complex secondary transactions at the small end of the market.

Darwall reveals plans for new fund house

Mr Darwall won the £1.1bn European Opportunities trust from Jupiter last year after announcing his departure. In addition he has one institutional client.

Fairstone adds £263m in double acquisition

Fairstone also gained 330 clients, three advisers and £150m in funds from its purchase of Wagstaffs Wealth Management.

Saudi wealth fund PIF plans to buy soccer team Newcastle United

A final deal could be days or weeks away. The tentative deal could still break down, the report said

UK active fund managers suffer bloodbath in 2019

Heavy redemptions from London’s best-known active managers follow demise of Neil Woodford and industry scandals

Hedge fund investment down in 2019, but redemptions are too

Direct investment in hedge funds totaled $8.8 billion in 2019, down 9.6% from the prior year.

BNP Paribas bullish on equities despite global growth concerns

Bank’s wealth management division says it is advising clients to go easy on fixed income

Alternative assets investment trust launches £200m UK float

As well as raising £200m through the initial placing, ALTS announced the establishment of a share placing programme worth up to £500m.

Henderson Park seek €400m+ for prime Dublin office blocks

Properties were previously owned by Green Reit, which was acquired by Henderson Park Capital for €1.34bn last year

Romania’s biggest insurer seeks partner or potential buyer

Notably, the insurer’s representatives confirmed that a EUR 25 mln loan was contracted from a Swiss bank to be used as working capital - namely for speeding up the disbursement of compensations to policyholders.

Rate cut 'unlikely' as economic data improves

Ms Baker said: “The composite UK PMI Flash data would suggest we are unlikely to see a rate cut from the Bank of England.

'Massive amounts of money' headed for Nordic real estate

After years of negative interest rates across most of the Nordic region, real estate has emerged as the ultimate target for institutional investors

DB transfers bring £200m of inflows to AJ Bell

Addressing the latest results, the company's chief executive and founder, Andy Bell, said his focus would continue to be on making the platform the “easiest to use.”

Flexibility is the key to driving fixed income returns in 2020

The key now will be central bank intervention, with the prospect of a rate cut in the UK sending gilts to their lowest level since April last year.

Cannabis ETF launches in UK

Som Seif, chief executive of Purpose Investments, said: “The medical cannabis industry was pioneered in Canada, and we’re thrilled with the opportunity to partner with HANetf to take what we have learned from our Purpose Marijuana Opportunitie

Saudi investors in talks to buy London’s Ritz hotel, says report

Barclay brothers said to want £750m for landmark property

ALFI PwC Report: Pension Funds' AUM set to rise to $61 Trillion

In terms of asset allocation, equity continues to hold the crown, accounting for 38% of total pension assets at the end of 2018. However growth, in percentage terms, has turned negative – with allocation falling from 60% in 1998

Tory billionaire Michael Spencer punts £75m bet on City firms

Big investments included stakes in insurer Singapore Life and platform AJ Bell

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